Uranium

Paladin Energy Ltd (TSE:PDN,ASX:PDN) reports that it has initiated its uranium business in Canada and entered into a definitive agreement for the purchase of the uranium assets of Aurora Energy,a wholly-owned subsidiary of Fronteer Gold (TSE:FRG,AMEX:FRG).

Paladin Energy Ltd (TSX:PDN,ASX:PDN) reports that it has initiated its uranium business in Canada and entered into a definitive agreement for the purchase of the uranium assets of Aurora Energy,a wholly-owned subsidiary of Fronteer Gold (TSX:FRG,AMEX:FRG).

The press release is quoted as saying:

Aurora Energy holds title to significant uranium assets within the highly prospective Central Mineral Belt (“CMB”) of Newfoundland and Labrador in Eastern Canada, including the Michelin deposit (67.12Mlb Measured and Indicated and 36.08Mlb Inferred Resources of U3O8) as well as the Jacques Lake, Rainbow, Nash, Inda and Gear deposits and has secured the most prospective ground within the CMB. 

Click here to access the entire news release.

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